Dow futures fell overnight, along with S&P 500 futures and Nasdaq futures. The battered stock market attempted to recover on Wednesday, but sold off hard after that, as tensions between Russia and Ukraine remained the focus. The Dow, the S&P 500 and the Nasdaq all fell from their lowest levels on Jan. 24.
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Russian forces continue to mass around Ukraine in combat-ready positions, with several indications of intense activity near the border overnight. “They are ready to go,” a senior Defense Department official said on Wednesday. Ukrainian President Volodymyr Zelensky said 200,000 Russian soldiers are on the border while giving a televised address urging Russian citizens to oppose the war.
Ukraine closed its airspace to civilian aircraft.
Last night, Russian President Vladimir Putin announced a “special military operation” that he said “aims at the disarmament and disarmament of Ukraine.” Putin made the statement at the same time that the UN Security Council was meeting to discuss the Russia-Ukraine crisis.
The United States has indicated that it is preparing to impose a ban on technology exports on Russia, among other sanctions, if there is another “invasion” of Ukraine.
Tesla (TSLA) was the worst performer for the S&P 500 on Wednesday, falling below its 2022 lows after failing to regain key support. New investors should already exit, but even long-term holders of TSLA shares should consider expanding.
after closing, Reservation collectibles (BKNG), living nation (fiber), net app (NTAP), Ultra pure collectibles (UCTT) And the ebay (ebay) Earnings have been reported.
Ali Baba (Baba) and play LNG Cheniere Energy (liquefied natural gas) early Thursday.
Tesla stock is running IBD Leaderboard.
Dow jones futures contracts today
Dow Jones futures are down 0.55% against fair value. S&P 500 futures fell 0.6% and Nasdaq 100 futures fell 0.7%.
The 10-year Treasury yield fell 3 basis points to 1.95%. Crude oil prices rose more than 1%.
Remember to work overnight in Dow Jones futures contracts and elsewhere that does not necessarily translate into actual circulation in the next regular session Stock market session.
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stock market Wednesday
The stock market opened higher, sold off and returned to breakeven before falling back again to close at session lows. The Dow Jones Industrial Average is down 1.4% on Wednesday stock market trading. The S&P 500 fell 1.8%. The Nasdaq Composite Index fell 2.6%. Small cap Russell 2000 lost 1.9%.
The 10-year Treasury yield rose 3 basis points to 1.98%. Crude oil futures rose 0.2% to $92.10 a barrel in an up and down session.
between the Best ETFsThe Innovator IBD 50 ETF (fifty) is down 2.5%, while the Innovator IBD Breakout Opportunities (fit) decreased by 0.4%. iShares Expanded Technology and Software Fund (ETF)IGV) down 2.5%. VanEck Vectors for Semiconductors (SMH) slipped 2.1%.
SPDR S&P Metals & Mining (XME) rose 1.3%, and the Global Infrastructure Development Fund (ETF) of the US company Global X (cradle) gave up 2.3%. american global aircraftPlanes) down 3.2%. SPDR S&P Home Builders (XHB) it was 2.7%. SPDR Specific Energy Fund (SPDR ETF)XLE) up 1%, and the Financial Select SPDR ETF (XLF) down 1.7%. SPDR Healthcare Sector Selection Fund (XLV) decreased 0.5%.
Stocks reflect more speculative stories, the ARK Innovation ETF (see you) fell nearly 4% and ARK Genomics (ARKG) is down 3.5%, both to 20-month lows. Tesla stock continues to be the number one stock among Ark Invest ETFs.
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Main earnings
BKNG stock fell slightly in overnight trading after initially rising to the level of crush booking earnings views Revenue topped. Shares fell 1.9 percent to 2469.83 on Wednesday. BKNG stock cleared 2,687.39 buying points on February 16, but has since fallen sharply with other travel and the broader market.
LYV stock, another reopening play, jumped in extended actions on solid earnings. Live Nation stock fell 3.1% to 113.44 Wednesday. The official purchase point is 127.85. Investors can use 121.43, which will soon be a handle, as an early entry.
NTAP shares sold off overnight as data storage giant NetApp topped earnings views while revenue was balanced. NetApp shares in the range flat base But it is below the 50-day and 200-day lines.
UCTT stock is up slightly in extended trading as the chip equipment maker narrowly outperformed the quarterly opinions. Ultra Clean stocks are far from highs, below the 50-day and 200-day streaks.
EBAY stock fell late on poor guidance and direct revenue, despite better-than-expected earnings.
BABA stock is in a long downtrend and close to multi-year lows, but Alibaba’s early Thursday earnings will still provide insight into Chinese e-commerce and overall economic growth.
LNG stock rose 2.8% to 119 on Wednesday, on the edge of a buying range. Extremely high European energy prices and the Russia-Ukrainian crisis are spurring demand for LNG shipments from the United States.
Tesla vs. BYD: Which burgeoning EV giant is the best to buy?
Tesla Stock
After closing below the 200 line on Tuesday, Tesla stock briefly regained that key level before reversing lower. TSLA stock fell 7% to 764.04, breaking its Jan. 28 low of 792.01 to reach a five-month low.
The Relative force line As for Tesla stock, it fell to its lowest level since October. The RS line, the blue line in the provided charts, tracks the stock’s performance against the S&P 500 Index.
Tesla has delivered impressive Q4 numbers and should have a 2022 as production continues to increase even as chip problems continue to limit overall auto industry production. The lack of new Tesla models in 2022, after CEO Elon Musk promised a “product roadmap,” disappointed investors.
But the biggest problem is the weak market environment. This is especially true of growing stocks, with high-value names such as Tesla stocks taking a hit particularly hard.
Anyone who buys a Tesla gets out of the big market cup base, with a buy point of 900.50, it should have been sold long ago. If you buy in different buy points In the seventies, it was time to go out and take the remaining profits. Don’t let huge gains go back and forth and turn into a loss.
But what about investors who bought Tesla shares long ago and are sitting on huge gains? Your patience and conviction have paid off in the past two years. It’s definitely possible that TSLA’s stock will bounce back soon and pick up another foot.
But at some point, big winners like Tesla’s stock finish their run and get stuck. So investors need an exit strategy. Your exit points will vary based on your position size and winnings ratio, your general risk tolerance and your convictions in stocks.
TSLA stock is now 8% below its 200-day streak. The decisive break here will not leave any obvious support level until the 2021 lows of around 540-550. If stocks can’t rebound by the end of the week, long-term investors may want to consider reducing their holdings of TSLA shares. The risk only grows when the broader market begins to collapse to new lows.
When it’s time to sell your favorite stocks
market analysis
The stock market attempted a recovery Wednesday morning, but that quickly faded as fears of a Russian invasion resurfaced. The Nasdaq Composite, which rose more than 1% shortly after the opening, quickly reversed, eventually dropping below its Jan. 24 low. The S&P 500 and Dow Jones also cut their lows on Jan. 24.
Since the S&P 500 and Nasdaq closed below their lowest level on January 31 Follow-up daysThe outlook for a market rally was bleak. Since then, the major indices have continued to gain more distribution days from sell-offs.
The S&P 500 is down more than 10% from its highs, which is a mean correction by conventional standards. The Nasdaq is on the cusp of a bear market, down 19.6% from its November 22 high.
It wouldn’t be surprising to see the market rebounding after so many pullback sessions. But even a few good days will not necessarily be a sign of a clear recovery. On the flip side, the major indicators may be on the cusp of another drop. Another Russian invasion of Ukraine, or just fears of war, may trigger a new wave of selling.
Few stocks are being created at the moment. This is especially true in growth.
The travel sector has faded, despite some positive tailwinds, over the past few sessions, including BKNG stock. Even the still resilient energy and commodity groups are volatile and do not stimulate new purchases.
Time to Market with IBD’s ETF Market Strategy
What are you doing now
What more can be said? The stock market is looking bad, with major indexes breaching their lows in late January after several warning signs. Every day, the reasons for continuing to invest are dwindling. The only exceptions are pockets of market power or long-term winners. But even with long-term winners like Tesla shares, investors will have to expand or get out of the money at some point.
Don’t indulge in a morning bounce, like on a Wednesday, or even a couple of good days. Wait for convincing signals of market strength. This includes creating leading stocks and blinking buy signals.
For now, keep your exposure minimal or be monetized entirely. Stay engaged and prepared by watching market moves and reformulating your watchlists.
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